Prior to the amendment, there were cases in which asset management companies with impaired capital were given a high rating on capital adequacy because capital impairment was not a criterion used in assessing capital adequacy.

For impaired capital assets that will continue to be used by the government, the amount of impairment--the portion of historical cost that should be written off--should be measured by the method described below that most appropriately reflects the decline in service utility of the capital asset.

Bank of Japan (BOJ) Governor Masaru Hayami said Wednesday an additional injection of public funds into banks may become necessary if they fail to improve their impaired capital bases through self-support efforts.

Japan has funneled more than 10 trillion yen in public funds into banks' impaired capital accounts since March 1998 to keep their depleted capital bases from crimping their ability to provide credits to businesses.

The credit crunch experienced in New England over the past two years is an example of a severe regional economic shock that was magnified by the impaired capital position of most New England depository institutions.

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